Description

Global Locomotive Engine Suspension Market 2017-2021 Description

Locomotive engine suspension: The locomotive suspension comprises the system of springs, suspension, and linkages that connect a vehicle to its wheels. It serves two purposes, namely improving vehicle's handling process and braking for good active safety and driving pleasure. The suspension keeps the passengers isolated from vibrations, noise, and road bumps.

Technavio’s analysts forecast the global Locomotive Engine Suspension market to grow at a CAGR of 3.32% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global locomotive engine suspension market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, value and aftermarket, and services market.

The market is divided into the following segments based on geography:

Americas

APAC

Europe

Technavio's report, Global Locomotive Engine Suspension Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

AL-KO

Growag

Knorr-Bremse

ZF

Other prominent vendors

Koni-Enidine Rail

Suomen Vaimennin Oy

Market driver

Shortage in vehicle logistics for road and rail transport

For a full, detailed list, view our report

Market challenge

High cost of electrification of railway routes

For a full, detailed list, view our report

Market trend

Emergence of electric switchable yaw dampers

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Technavio recognizes the following companies as the key players in the global locomotive engine suspension market: AL-KO, Growag, Knorr-Bremse, and ZF.

Other Prominent Vendors in the market are: Koni-Enidine Rail and Suomen Vaimennin Oy.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of electric switchable yaw dampers. A yaw damper is a type of shock absorber that helps prevent the locomotive engines or railcars from excessively swaying sideways. The yaw dampers prevent the locomotive engines from striking the platform while reducing the gap between the platform and locomotive engine while rolling past a railway platform.”

According to the report, one of the major drivers for this market is shortage in vehicle logistics for road and rail transport. In emerging countries like China and India, there is a growing preference for road transportation. The subsequent increase in the use of heavy-, medium-, and light-duty vehicles will lead to less share of rail being used for transport. In China, traffic jams are caused due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing. One of the main reasons that road transport is preferred for transporting cargo is the limited number of freight rail services in the country.

Further, the report states that one of the major factors hindering the growth of this market is high cost of electrification of railway routes. Increasing fuel prices and road congestions are driving the need for rail transport of freight. Rail provides a more economical transport of freight over longer distances than the road. However, the high costs regarding electrification of rails stretching millions of miles and subsequent environmental concerns regarding cutting of trees and leveling natural abode for the construction of electric overhead lines are driving the need for diesel locomotive engines.